About to place a bid on a leasehold apartment in Taplow. The selling agents assure me that it is usual for flats in Taplow to have less than 75 years left on the lease. I am taking out a loan with Tesco Bank. Is this going to be acceptable if the lease has Seventy One years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 15/1/2025 the requirements read as follows :
I have todaybeen informed that Wolstenholmes have closed. They conducted my conveyancing in Taplow for a purchase of a leasehold apartment 10 months ago. How can I be sure that my home is registered correctly in the name of the former proprietor?
The quickest method to see if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Taplow conveyancing specialists.
What does commercial conveyancing in Taplow cover?
Taplow conveyancing for business premises incorporates a wide range of advice, provided by regulated solicitors, relating to business premises. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
I am using a search engine for the words on line conveyancing in Taplow it shows results of many conveyancersin the area. How do I determine which is the right solicitor for the sale of my house?
The ideal way of seeking a suitable conveyancer is through a trusted testimonial, so ask colleagues and those you trust who have purchased a property in Taplow or a local estate agent or financial adviser. Costs for conveyancing in Taplow differ, so it's sensible to secure at least three quotes from varying types of companies. Dont forget to clarify what costs in the quote includes.
Can you provide any top tips for leasehold conveyancing in Taplow from the perspective of expediting the sale process?
- Much of the frustration in leasehold conveyancing in Taplow can be avoided if you get in touch lawyers the minute your agents start marketing the property and request that they start to put together the leasehold documentation needed by the purchasers’ conveyancers. The majority of landlords or managing agents in Taplow charge for supplying management packs for a leasehold premises. You or your lawyers should enquire as to the fee that they propose to charge. The management information sought as soon as you have a buyer, thus accelerating the process. The average time it takes to obtain the necessary information is three weeks. It is the most frequent reason for frustration in leasehold conveyancing in Taplow. Some Taplow leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, you should place the estate agents on notice to make sure that the purchasers put in hand bank and professional references. Any bank reference should make it clear that the buyer is financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their lawyers. If you have carried out any alterations to the residence would they have required Landlord’s approval? In particular have you laid down wooden flooring? Taplow leases often stipulate that internal structural changes or laying down wooden flooring calls for a licence from the Landlord consenting to such changes. Should you dont have the paperwork to hand do not communicate with the landlord without contacting your conveyancer in advance.
I purchased a ground floor flat in Taplow, conveyancing formalities finalised April 2006. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding properties in Taplow with over 90 years remaining are worth £197,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease ceases on 21st October 2080
With 55 years unexpired we estimate the premium for your lease extension to span between £31,400 and £36,200 as well as legals.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.
We are about to acquiring a property in Taplow. Can our lawyer keep the amount we are are buying for confidential from sites such as Zoopla. what can I do to make sure this is not revealed?
HMLR as a matter of law obliged to reveal price paid data on a register of the title for residential properties nationwide including homes in Taplow. The register of ownership is a public document, so HMLR would be breaching their statutory obligations if they failed to allow access to the register.
You can make a request of the Land Registry to hide the price paid entry yet the response would be in the negative.